Archive

Church of England to back climate disclosure shareholder proposals for US banks

The Church of England Pensions Board will vote in favour of measures that could force several US banks, including Bank of America, Goldman Sachs and Morgan Stanley, to disclose the level of their fossil fuel financing relative to that for clean energy.

Canadian regulator demands financial institutions report in line with ISSB this year

Canada's largest banks and insurers must disclose how they are implementing a climate transition plan and conducting climate scenario analysis, under rules that have been updated to align with International Sustainability Board (ISSB) standards.

Canada's banks are 'obstructing' net zero goals and progresses, InfluenceMap finds

Canada's central bank warns of negative impact of flooding on bank's balance sheet

RBC's climate framework 'highly tentative', says IEEFA

Absolute versus intensity targets. Part two

Investors often leave companies to decide which type of target is most appropriate for their business. Genevieve Redgrave reports

Absolute versus intensity targets

Investors are increasingly calling for companies to adopt absolute emissions reductions targets, but intensity targets continue to dominate, at least for now. Genevieve Redgrave reports

IIGCC to step up pressure on banks to demonstrate action on net zero

A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.

Royal Bank of Canada ranked world's biggest fossil fuel financier

The Royal Bank of Canada (RBC) has been ranked the world's biggest financier of fossil fuels, as banks across the US, Canada and Japan continue to dominate financing for oil and gas expansion.

US pension funds call on banks to disclose emissions targets